Steve Williams of Maverick USA, Inc. wrote the following about a recent trip to Congress. He was representing the trucking companies. He also is a local. We wanted to pass this important information.
Steve writes the following:
"Monday I had the opportunity to address Congress on the impact to fuel prices...related to the impact of speculation in the market. There have been several good stories on the subject and one AP story that was misleading for sure. My comments are well documented in the link that the Trucker issued yesterday...which also included a document that I authored titled U.S. Freight and Transportation Sustainability Initiative. My comments to the Sub Committee was that I didn't know what impact that speculation was having on the price of fuel...a previous panel of experts had already attested to that...but I wanted them to know the impact that it was having on my company, the industry and all of the citizens' lives that were being impacted by high fuel prices. I offered statistics about
anticipated failures....Tom Albrecht, etc. I am confident that there
will be additional oversights of the futures trading market....and that is a good thing. Let me know if you folks have any questions."
Below are some links to various news websites on the topic.
USA Today - http://www.usatoday.com/travel/flights/item.aspx?type=photo&photo_id=0bj3eDU0c3ccL&tid=000000000&pn=7
CBS News - http://www.cbsnews.com/stories/2008/06/23/national/main4203863.shtml
Yahoo News -http://news.yahoo.com/nphotos/slideshow/photo//080623/480/188c2320085e4cd7bffbf17f4681a8b5/
Freight Teamsters Blog - http://freightteamsters.blogspot.com/2008/06/trucking-company-ceo-tells-of-diesel.html
